What do you know about Blueindex?

Hi,

I am trying to gather information about Blueindex. What are your experiences with them? ( positive / negative ).

Why are CFDS such a risky investment?

Are they better then City Index?

Would you invest with Blue Index?

I have tried searching the forums, but there doesn't seem to be much information about.


Thankyou in advance.

There is a Blue Index thread on this board somewhere. The consensus does not seem to be positive... my experience was that they were quite aggressive pushing their trading recommendations (it is not their money they are risking....they make money whether you win or lose)

I have been with BlueIndex for one year and have yet to make a profit. They are keen to push their recommendations but fail to adequately monitor positions, especially losing positions. Frankly you would be better using a dartboard to pick stocks and save on their commissions. Not recommended.

I joined Blue Index just over a year ago, started with a bank of £2500 which despite all trades offered sounding promising on the phone nearly all lost money.
My "advisor" Ben Timms is quoting advice to Newspapers/ radio etc almost daily but to me bad advice and I was always unlucky. When I was down to £500(20%) I many times tried to question him by Email and telephone, asking why trades with several hundred pounds of profit went bad but he was never available, never answered. All calls from them stopped for months(8)? then Ben called saying he could make me money on Tullow oil, so I agreed saying that £500 was all I would invest unless I saw some positive returns, the next day I was cleaned out

when people ask you to buy something, its a profit for them and a loss for you.